Larry Fink noted that he is not going to promote digital assets, but bitcoin can change the lives of citizens in countries with unstable national currencies.

"I met with representatives of the sovereign wealth fund, and the conversation was about whether to allocate 2% or 5% of the portfolio. If everyone adopted this strategy, the value of bitcoin could be $500,000, $600,000, or even $700,000, " Fink said.

According to him, in countries where the economic and political situation leaves much to be desired, it is best to use a tool such as bitcoin, which can protect savings from depreciation.

As a risk hedging tool, the first cryptocurrency occupies a leading position in world markets, and its investment attractiveness will grow as quotations increase, the top manager summed up.

Earlier, Larry Fink said that the future of cryptocurrencies does not depend on the results of the upcoming US presidential election and called bitcoin an alternative to gold.